Gap, Wal-Mart Under Pressure

5/13/2013 4:00PM

Will retailers like Gap and Wal-Mart join the world’s biggest clothing companies as they commit to safety standards in Bangladesh? And New York Attorney General asks technology executives for help combating smartphone theft. Photo: Getty Images.

This transcript has been automatically generated and may not be 100% accurate.

... the the ... all major clothing ... was committed to a five-year safety a call from factories in Bangladesh ... the move comes in response to a factory collapse that killed eleven hundred people ... will have the D tells right here right now on the New Saab good afternoon and welcome I'm Simon Constable ... MarketWatch's Andria Cheng joins us now with that style sup Andria this of this isn't ... a whole bowl ... or will Factory Collapse our ... beloved alcove more than eleven hundred people ... tell some of the phones that have gotten satisfy the record ... okay so it's the richest into a seller HNNA which is the largest ... apparel my and and contacts using eighty Median Osmond they're going to Siam to the site five-year agreement to kind of like ... the big ... deal with this agreement is that these companies now who have signed on what the kind of hard to come to a dairy Amy outbid the leaking kind of repairs since the renovation costs selling on Saturday there were a year the largest player in that country Sunnyside up on not find them on this deal ... and now we have likened him to Texas with Iraq there like the feel of watches that you know one of the largest apparel company singer while ... some may also find out on the steering them into our their European retailer Surce and join on this recall and then ... it is only add to that foreign retailers on PVH which owns like Calvin Klein come to think that ... they actually are eating what was one of the first ones to sign up on to endorse the green light last year ... class and that this is actually a monumental that this is a huge thank now there are other companies like a damper ... on Wal Mart's while what they will buy clothes ... aam are they being pressured to join in with us when this baffling can really races like another for the lot the pressure these companies so basically ... we have lying on ... his RIN Chan them and Wal-Mart near the largest and the three largest purifiers in pension gap is also a key player ... signed reach out to these companies and and Wal-Mart maybe tell me like the one slightly stiff don't enter and they are ... like talking to a lot of these costs the corridors of August IPO ... and aam I'd talk to worker rights consortium their liking to conventional later monitoring group with a re telling me that know some of these companies that ... everybody is having some tech inspection program but ... the problem is that nobody's clicking on those companies and refuse to sign our clean and they don't want to be ... kind of found an accord that would like to be legally binding and make them kind of like encapsulate ... pay for the site cos I'm and I guess now was the time for anyone to read push for this because they did it's much easier to get some agreements and put in place while it's in the news on the weather is immune when some of the news maybe that will forget about it right with these companies yet so so deftly and I like honesty like every child to a lot of the company's focus on to see their response and ... and phrases and then they are simply Center a complicated ... like different Michael region inside J C Penney presenting tell me that ... they're waking on the Micra giving him the use of paper that closing the meeting might not Ideas noting ... and then they also studied like various proposals for instance the U S based like ... tree to like the National Retail Federation and American parent awareness or see a show ... their support for iOS upcoming Albertsons or plan on their own so ... these companies are telling me there was a trying to kind of steady wind ... if the plans and then to pick out which one they want and ... I guess that the gentle fame is that people are concerned about this but the companies and am a Bangladeshi people and damaged she was there well there'll consent ... there will be something done it sounds like and some companies already done something by Kiran much Andria Cheng MarketWatch ... and you can read mall man story on MarketWatch talk calm and cool so ... we all day don't come ... after an enormous surge in crime York Attorney General Eric Schneiderman is asking they detect bombs to help combat the effects of handheld devices ... by making them in all quibble with the details on this that is his wise men the editing Tools Stahl ... joins us on the set George thank you Brian much for being now I mean we all know people that Dom been ripped off already out for a cell phone or on my paddle some think ... the statistics are staggering ... the meet many of these aam ... for those of fourteen percent increase ... in engine Festivus of the device over twenty eleven and that only includes what was reported by has plenty of people come ... to call it is right right this is huge right ... and and and map that Mayor Bloomberg in York said prominent going down in the city last year and two were not for what has been labelled apple picking ... which canceled the cab I think it's great when I get to this so um we will some adding direction and my mum wants wants the companies and has a great quote enables companies to do something artsy times what companies ... can develop sophisticated handheld electronics can also create technology ... to rent is still in devices and approval ... and then fly to eliminate the expanding black market ... seems reasonable to make yet yet now as I said I would say that ... the Cup they still have the motivation to do because amid profit when people buy a replacement phone for the one that got stolen or lost ... but in reality there there is a whole lot in the sea get done the elk were indeed attacked the nice be done by the Cubbies and long Forstmann thumped ICANN's funds ... and the New York was today reported dead ... new York Police upon an app or try to do that with ... with these identification numbers that smartphones have been trying to use them as a way to find clothes that were stolen and ID numbers is ... in a tunnel thing with a lot of different products but you would think that a company like came out with a fun that was an offer will make you know the antitheft Boehner ... said they would instantly have a market advantage of anyone he didn't write ... write and you would think that that would be something I would be in place and to prevent these from being sold to black market yet so I'm trying on one's lack of what he played great discounts if you view on that image on lists of some of the tech industry ... you know these tech industries can get like to go the wrong way maybe that's why they make with Fox through the night of bands have ... missed it and what I think I think ill be certainly yet listening to it to the requisite guesstimate make Mr. Simon has been very aam ... out there in the media he said he is someone who is media friendly so I think this'll be a case that we saw the amassing ... of the news media that he is out there these ... people out yet and he and this is an issue that will resonate with a lot of people and score a lot of points with voters and I think as a result the phone makers will will come around to get some ... of the market and in York is the isthe is this huge city ... it sounds ... a lot of people without a lot of money and a lot of my smile funds but a lot people will want right right so ... interesting stuff and ... some can watch for ... something to watch for George Stahl and more on that story on the vs day don't come ... Chris Christie has raised more campaign money from California than any other state's Anthony jazzy ... that I held signs buddies with Facebook founder Mark Zuckerberg the styles ... we have lost regionals have had ... thanks for being a thank you ... Brian and you cover the new Justice Statehouse to get the Mr Christie up a lot ... to tell us about the SEC's am I raising money and it's been a really really well today he is has raised over six million dollars so far for its pre election contest in the fall ... and that the stock trades for just released on how much it rains down today ... and yet California really stood out in a surprising Yorkers third ... which might expect I aam being a neighbor of the jersey but ... tell porn yet listed Starr said it's no executives from ... Facebook's Ingarra gal who ... really runs tech get NPP to CEO Tom do was eat up the pay of PayPal ... co founding he's in he's in as often suffer but send them now what one local ninety percent ... of these people look at Christie image as a game changer ... can explain what ... they mean by that yet it's interesting because I ... used to detect name I think socially very liberal on ... some of these people are more liberal than Kristin's from the social issues but they tend to be more independent libertarian or conservative on fiscal policy ... so neighborly secrecy a summer isn't Eleni a ideological line I'm ... still in his own man and is for private we appreciate that ... and one assets from its Amplats a week meaning stay private muni testes democratically meaning ... he's a Republican ... Palm some conservatives are very happy with and it seems to get the one my thumbnail ... and at that three what is tough to get things done track ... aam and it is the site of a movement as it wrestles with the help of it which is negotiating with Democrats on difficult issues with pension reform health reform ... and touched his firm forecasts have Mark Zuckerberg and Christopher Scotts we know each other's over education reforms that really a hallmark issue for the folks in this and this is the key to all all people of look to him as a Republican hopeful for that twenty ... sixteen presidential run ... he's he's he's the son of LitePoint more in that direction and I mean that we had about a lap band surgery for a ... fund is in his weights and the sun the is the last man ... yes the campaign they say this is just for twenty thirteen but this really does seem to be planting seeds for the future ... he doesn't face and eyes difficult races here so this is really about Korean friends that demographic and content for which the fleet by Kiran much things have happened all the Wall Street don't long on the vs Datacom ... time for a quick look and the markets ... bend it like some offended Dow down ... about twenty seven points last week so full after the close now ... and as the tech heavy Nasdaq basically unchanged up two points on the SNP five hundred ... basically un change this well ... well was kinda season is upon us ... how do you fight back we'll tell yet ... after the break ... welcome back to the new supper at the beest live I'm Simon call's will will last a mosquito and mosque indices initially to be upon us ... will Street dolls post on the letter that Missy Sullivan to say with five things you should know of Miami's tests ... before summer actually sense and ... think of being a bicycle to my one over the weekend so I know that data aam and one in a room I was given one so I need to know this ... I know I deal with it ... well the one to have ... him sitting on we don't know if that works the separatist that's tough ... on the back when can you rely and that ... a lot of people are turning to companies that come in and do regular ... spray on amenable ... and so you get when you attack them of the locals if this is good for the flying ... franked when a flying bus to drive activity Vardy lost half the battle in supply ... second the levels it usually involves often that the state controlled standpoint ... amazing talents in any of the standing water ... bird baths of the puddle and your closings ... ALM that that that saucers underneath euro ... Planters content of their book is the convicted drug that may keep when he can keep the kids to keep the pets inside ... I love that he will not be able to ideally ... onto the string of divestments win them the most mosquitoes at the end of the most effective but Bankinter Rao was happening during the day ... you want the kids inside you want pets inside ... you want the Bolsa double Gucci wanted toys to ... play to put this into Mitchell's for so ... that's what aam pesticides ... all the conflicts of bees and butterflies we love the people for snapping do as beneficial insects will be zapped by these ... pesticides until it ... found a lot of the pest control folks now they shouldn't be going after that the of flowering plants ... to some but that's not good enough ... if you sign for him at the stumps ... footage of ... the last of the ... goodies under that but but hey it's a problem right now most kids a living next door to get it ... right and they have a decorative quite common that you can exactly asking to cover it up ... we do need to do is Courtney with and talk and tell me your Bundesbank ... and that he'll hate ... mosquitoes can finance and didn't comply ... one to three miles I mean you have to talk to friends neighbors are really if you wanna ... have any effective on ... maintenance work on the insect resistant populations ... what happens when you spray on a regular interval ... is that when you're playing in the same ... insecticide ... in Delhi is basically the super skewers the ones that survive and thrive super steep ... tariffs on them ... what's owed to you leave those behind the gap grows into its anti Gets atmospheres that those that survive ... will keep surviving because that that that document the changing of the attack ... so I just wanna have one thing and now I might get them all off what must it does I might find that when the full of life a lot that's slower ... at which point you can get them with upfield paper and then this submission I went right into the ... fund for Missy Sullivan thank you very much and you can read mall on that story in tomorrow's post will tell I was adjusted ... typical with private ... to refer to that ... as a going concern by big names in the emerging markets super proud story ... in the country's known as the bricks and maybe Obama is it true let's find out after the break ... for ... one can match the new sub narrative is a live I'm Simon Constable ... there is growing concern by some big names of the emerging markets immigrant story ... in the country's known as the brakes and maybe I'll what is it true ... maybe maybe not says will Street dolls Money Investing Editor ... Francesco Durata Reddy joins us on this I mean the maybe tell ... us a little more than that ... you know you do need is a low level math ... but but that it is a new wants story amass twenty what you're getting a full so will the Bracks said the Rozelle ... Russia India China they with this super chimes growth stories we heard about from ... Jim O'Neill everybody knows about that ever been said about the bricks they wear Ablin great intuition budget money on the time you fourteen from Goldman Sachs ... I he was a long Thomas's thousand won and he decided that he folded those were the country's over to bring the ... global economy for the in Annex that will frame the next nine hundred years or so and ... and it's true that the mainstream of economic growth story ... remains and in ... except that the reason economic growth story ... essentially powered by China and so it's mostly China town AirAsia group grew seven twenty percent ... Brazil zero point nine percent ... Stephanie Klein ... all the invigorated the numbers from China a somewhat suspect ... aam but the Stephanie Klein everyone agrees with that ... said the issue that some people seemed like a from Nauru the need he sang ... aam ... there is a high degree of government intervention in these economies and we know ... the one that's on a daily free market is nothing compared to government intervention that tends not to last for a read on the ... right and that's possible in all yes great great that side Ruby makes the big box diseases discover that does all the great you log on into Nanjing China ... Brazil Russia India has very ... very astute other the rallies of course that I'm the that the problem with banks that normally when this was a Connie's the that that did the long lasting growth economic story is when you add that when you change once the dough enterprises to private enterprise and free market is ... on and of course consumption led growth at the moment we still have a common sight these which are essentially our exports ... by state-owned enterprises that rely on cheap car and and it's a particularly in China which is now the second biggest economy in a while ... they get to transition to a consumer economy and that that is something that ... people worry about runs yesterday that the talk about the law but that didn't quite fit was to ... extract themselves from an export led growth and that's because a lot of people in China now the ... gradients idea for you for free ... aam but also because is very good light that the ID with ... which I guess ... that's a start I'm humbled by this is all ... the the the the the the zoo was the D day and a level well funnily enough to power consumption as there are there is enough money for the people into ... some so that China and China raises is what is the second-biggest economy lot numbers O'Sullivan differ because they are on the rowing um the aunt on consumption will to power its top customers the live action has income and consumption dynamics going on now the rebuilding very much with the external side of that I when she does that sound economy ... partly because they have a is such a deeply in commodities and comedies go up they combine well the title call for ... a and and ... that can entertain interestingly a lot of them sold to China because China doesn't happen ... but one thing I would stress is that he doesn't either way condoning reviews ... he doesn't on the society translating strong stock markets there is an old correlation almost no correlation between economic growth and stock market would notice that over time we have of the last couple years we've had a very good SpA makan anatomical this none of them and analyze even if the Brits continue to grow like Don Vos a site that I've been doing it doesn't mean that that they'd be good as an investment proposition ... and that is the key to it there is a dated witty is like it's a bit of a rat ... I think so I think there's better opportunities elsewhere and I'm not the only one thinking that as of the people mentioning that will actually say that ... will see the rates are not homogeneous up of grouping and so it's a pretty difficult to think of them as an asset class um in in of itself I think the main dubious title ahead of them are homogenous I'm a asset sale thingy ran much a was a pleasant find just as rare a Money Investing Editor Hana will Street gentle ... read mall my column in tomorrow's I bought ... meantime that's it that's new supper now regret not ...